Trump warns Netflix’s $83bn deal for Warner Bros poses competition concerns

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Trump warns Netflix’s $83bn deal for Warner Bros poses competition concerns

President promises to get involved personally in controversial takeover called ‘unprecedented’ by ex-regulator boss

Donald Trump has warned there could be competition problems around Netflix’s $83bn (£62bn) deal to buy Warner Brothers’ movie studio and streaming networks.

The US president, speaking at an event in Washington DC on Sunday, confirmed he would be involved personally in the decision about whether the government would approve the takeover.

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Why this matters: This development may affect companies, jobs, trade, or the wider business environment.

Source: Original business report via Business | The Guardian

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